The balance of trade is the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit of currency of a particular country While the balance of payments (the sum total of all economic transactions between one country and its trading partners around … Read more

Savings are money or other assets kept over a long period of time, usually in a bank without any risk of loss or making profit. While Investments are the money or other assets that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment … Read more